KBR agrees to pay $8 mln to U.S. to settle fraud allegations

GabrielMadway

SAN FRANCISCO (MarketWatch) -- KBR Inc.
KBR, +0.98%
has agreed to pay the government $8 million to settle allegations of overcharging and other procurement irregularities related to the company's logistical support of military operations in the Balkans in 1999 and 2000, the Justice Department said Wednesday. The allegations related to double-billing or delivery of non-comforming products for use in the construction of Camp Bondsteel in Kosovo, the government said. The settlement also resolves matters involving inflation of prices for various goods, the DOJ said. KBR was spun off from Halliburton Co.
HAL, +1.37%
earlier this month.

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